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Reduce copper production capacity

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There are 10 countries with the largest copper capacity in the world have agreed to reduce their copper production capacity (as prices for copper are falling in the market place). Someone is looking to invest in copper wants my opinion as to whether this agreement is likely to succeed in its eventual goal of raising copper prices. I have to explain to my friend why I think that this agreement will or will not succeed in achieving its goal.

Reference no: EM132015037

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